Source · Select Committees · Business and Trade Committee
Recommendation 22
22
Not Addressed
Paragraph: 95
We recommend that the Government implements a hedging strategy at Bulb Energy.
Recommendation
We recommend that the Government implements a hedging strategy at Bulb Energy. In the meantime, we ask that the Government provides us with detailed analysis of the cost implications for BEIS and the taxpayer of its decision not to purchase hedges to date.
Government response summary AI-generated
The government indicates industry is making progress on implementation of market-wide half-hourly settlement, which Ofgem believes will be an important enabler of a more flexible, low carbon and low-cost energy system. This is not relevant to the recommendation about Bulb Energy.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
95
Government Response
Not Addressed
HM Government · verbatim extract
Not Addressed
Responses to the Committee’s Third Report of Session 2022–23 7 scrutinised by both BEIS and HMT and is consistent with Managing Public Money guidance. The strategy is kept under close and constant review in the context of market developments. As this analysis is confidential and sensitive, it will not be included in the government response.
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